Crane Company is considering buying a new farm that it plans to operate for $10$ years. The farm will require an initial investment of

$$12\mathrm{.}10$ million. This investment will consist of $$2\mathrm{.}65$ million for land and $$9\mathrm{.}45$ million for trucks and other equipment. The land, all

trucks, and all other equipment are expected to be sold at the end of $10$ years for a price of $$5\mathrm{.}15$ million, which is $$2\mathrm{.}20$ million above

book value. The farm is expected to produce revenue of $$2\mathrm{.}10$ million each year, and annual cash flow from operations equals $$2\mathrm{.}00$

million. The marginal tax rate is $25$ percent, and the appropriate discount rate is $9$ percent. Calculate the NPV of this investment. $($Do

not round factor values. Round final answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}25.)$

NPV $